Tim Leunig’s Policy Substack

Tim Leunig’s Policy Substack

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Tim Leunig’s Policy Substack
Tim Leunig’s Policy Substack
Time to give up with copper coins.

Time to give up with copper coins.

A waste of time and money

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Tim Leunig
Sep 09, 2024
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Tim Leunig’s Policy Substack
Tim Leunig’s Policy Substack
Time to give up with copper coins.
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copper-colored coins on in person's hands
Photo by Annie Spratt on Unsplash

Forty years ago this winter the UK got rid of the ha’penny, a small coin worth half a penny. At the time the National Consumer Council described it as “useless”, because of its low values. Forty years of inflation means that today’s penny is worth far less than the ha’penny was back then. Indeed, the 2p is only worth the…

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